Global business

The global economy is the world's economies and refers to the economic activity of the world. Global influences on Australia: Increasing globalization Changing international business environment Reduction of protection Increased overseas expansion. Changes in markets: Changes in financial/capital markets - finance is mobile and flows easily between countries. Changes in labor markets - has not been freed up as much as other markets because of increased immigration policies. Changes in consumer markets - consumer …

…gt;Polycentric - personnel from the host country manages the subsidiaries. 3.<Tab/>Geocentric - the best people for the job are chosen, no matter what their background is. Ethics Triple bottom line refers to the economic, environmental and social performance of a business. A tax haven is a country that imposes little or no taxes on the businesses income. Transfer pricing is used to avoid high tax rates in some countries.